Our President, Marco Ciscato, explained how investments in digitalisation, particularly in energy and healthcare, are driving the continuous growth of Maps Group. As confirmed by the numbers and a scalable business model, as mentioned in an interview with Marino Masotti from the WEBSIM by Intermonte.
Watch the WEBSIM video interview
During the meeting, Ciscato commented on the company’s financial results, which showed double-digit growth for the seventh consecutive semester: revenues up 13% to €14.7 million, and EBITDA up 57% to €3.2 million.
“What we are seeing from our figures is that by increasing the number of clients, revenues naturally increase, but margins also improve, as our costs are not proportional to revenues, given the initial investments we’ve already made in our products,” highlighted the President during the “Meet the Company” program.
Marco Ciscato presented the performance of the Maps Healthcare Business Unit, the most significant in terms of contribution to the consolidated figures, but also, in evolutionary terms, the most advanced. Growth, entirely organic, comes not only from new clients but also from the scalability of the business model and the resolution of integration issues that arose in 2023.
The Maps Energy Business Unit, on the other hand, although accounting for only 10% of revenues, is what led Websim Corporate analyst Marco Opipari to raise the stock’s target price to €4.90 from €4.10, confirming the ‘BUY’ recommendation.
In this area, “we have seen some purely numerical signals, including an initial interesting margin, not yet at our target, but higher than that of Healthcare,” said Ciscato. The positive results are only just beginning and are accelerating; the second half of 2024 will be stronger than the first, and the bulk of the results are expected to come in the coming years.
